2019 | Nonprofit Predictions and More!

Holiday

December is here! It is hard for me to believe 2018 has come to an end.

I just published a new article on Carolyn’s Nonprofit Blog, “2019 | Nonprofit Predictions.” Follow the link to read it. I have gone into a little more depth than usual this year, and I have provided helpful links to other resources. I cover federal funding, crypto currencies and Blockchain, crowdfunding, data, donor advised funds, and more.

This is the fifth year I have attempted to predict the future. If you have questions or want to share comments, please use my secure contact form.

I agree with those quoted in my article that 2018 has been one of the most tumultuous the nonprofit sector has experienced. But despite numerous challenges, nonprofit organizations and several donors – including some leading American corporations and foundations – are stepping up to the plate. I am proud of our sector and our partners for continuing to innovate and to, “push back” against those whose actions hurt our sector.

Here’s wishing you a successful year-end fundraising season! Thank you for following Carolyn’s Nonprofit Blog. As you know, I launched the blog back in 2011 with the aim of sharing my extensive fundraising experiences for the benefit of the public. I do it as a public service, free of charge. It has been my hope that the challenges I have faced – and the ways I have overcome them – will inspire others to continue forward to make our world a better place in which to live and work.

Sincerely,

Carolyn M. Appleton | December 2, 2018

P.S. – If you have ideas for future topics you would like me to cover on Carolyn’s Nonprofit Blog in 2019, please let me know. Happy holidays!

 

 

 

 

During Good Times, Don’t Forget to Prepare for Rainy Days

“A recession is a significant decline in economic activity that goes on for more than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP), although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.” – Investopedia

I have read quite a few articles and watched videos featuring leading financial experts who are discussing the possibility of a recession. White opinion remains divided, the thought that several predict a recession causes me to revisit the idea of nonprofit organizations establishing “rainy day,” or reserve funds.

From USLegal, “A reserve fund is a fund of money created to take care of maintenance, repairs or unexpected expenses of a business.” Having watched nonprofits suffer intensely during the last recession – the magnitude of which we all hope will never be repeated – my advice for nonprofits during this busy year-end fundraising season is to be prepared. Take some of those year-end charitable donations and sock them away into a savings account or other fund where you can get to them easily if and when needed.

Rainy

At the conclusion of this blog post, I include links to a few articles that gave me pause. Having said that, one of my favorite experts, Jim Cramer suggests in an article by Elizabeth Gurdus for CNBC, “Cramer explains the market volatility and why another Great Recession is not in the cards” (October 25, 2018). I hope he is right.

But even if a less harmful recession comes our way in 2020 or 2021, why not be prepared? #JustDoIt

Gold Piggy

Food for Thought

I have a primary article on Carolyn’s Nonprofit Blog, “Economy and Philanthropy” that you might also enjoy!

Since I wrote this blog post, I have continued to add noteworthy articles (links above). This is a timely subject, it seems.

Think Again …

I came across this article by Leslie Albrecht for MarketWatch, “One-third of American households have struggled to afford either food, shelter or medical care” (September 27, 2018). If America’s economy is so strong and vibrant, why is this still an issue? I would argue no economy can be considered “strong” and “healthy” when such adversity exists.